Overview

• Bitcoin has retraced from its mid-July peak above $123,000 to trade around $114,000, reflecting a nearly 4% pullback on thinning order-book depth.
• Bitcoin and Ether exchange-traded funds recorded among their largest single-day outflows in recent sessions, undermining expectations for consistent institutional support.
• On-chain metrics reveal sustained withdrawals from centralized exchanges and over 56 million whale transactions on Binance, underscoring dominant accumulation by large-scale investors.
• Ether is outperforming major tokens with a 4.36% gain to roughly $3,650, having flipped the $3,600 level into new support following a breakout.
• U.S. Federal Reserve’s decision to hold rates at 4.25–4.50% and newly announced tariffs have amplified volatility and spurred risk-off moves in crypto markets.